BTC/USD Overview: The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market. If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.
Current situation: Bitcoin quotes continue to be in the range: $6350- $6500. We expect this asset to decline to $6100, $5700 levels. Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Forecast: Reduction of the price of ETH/USD from $200 with the goal in the area of $180- $150.
XRP/USD Overview: Downtrend.
Current situation: The situation remains unchanged. Current situation: Ripple's price continues to be traded near its uptrend support line. If the sellers manage to break through the $0.44- $0.40 zone, then we will expect quotation of XRP/USD near $0.30. Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone. Cancellation of the scenario may be caused by Ripple price growth above $0.50.
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